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By Charles E. Locke

DEPRESSION in all lines of the mineral industry except gold, which began in 1930 and continued, even worse, through 1931, had its effect on ore concentration. Construction was limited to the completion of plants already begun. Every possible economy was adopted. Changes and improvements involving expense were postponed. Research was largely abandoned. Operations became highly efficient and costs were cut down, although this did not necessarily mean a lower cost per ton because of the greatly reduced capacity at which mills were run. Lower metal prices caused the operators to seek the optimum ratio of concentration and grade of concentrates looking toward maximum economic recovery; that is, net profit. In the crushing field no marked changes occurred. The Symons cone crusher for intermediate work is in use almost everywhere. Its manufacturers claim that 900 machines have been installed in 21 countries, replacing two previous steps of crushing and yielding a product sufficiently fine to form a satisfactory feed for rod mills and ball mills. A new Telsmith crusher has appeared which has curved jaws something like the Symons cone and consequently the same advantage as the latter.

Jan 1, 1932

By AIME AIME

LOCAL COMMITTEES. GENERAL RECEPTION COMMITTEE.-Mr. and Mrs. H. S. Chamberlain, Mr. and Mrs. J. T. Lupton, Mr. and Mrs. T. H Lasley, Mr. and Mrs. R. S. Faxon, Mr. and Mrs. H. Clay Evans, Mr. and Mrs. C. E. James, Mr. and Mrs. B. F. Thomas, Air. and Mrs. H. S. Probasco, Mr. and Mrs. W. M. Lasley, Mr. and Mrs. L. W. Llewellyn, Mr. and Airs. T. G. Montague, Mr. and Mrs. E. B. Thomasson, Mr. and Mrs. C. F. Milburn, Mr. and Mrs. C. A. Raht, Mr. and Mrs. C. C. Notting¬ham, Mr. and Airs. Z. C. Patten, Mr. and Mrs. Willard Warner, Mr. and Mrs. S. R. Read, Mr. and Mrs. Carl White, Mr. and Mrs. M. M. Allison, Air. and Mrs. C. E. Buck, Mr. and Airs. H. F. Temple, Air. and Mrs. M. M. Hedges, Mr. and Airs. X. Wheeler, Mr. and Airs. John A. Patten, Air. and Airs. N. T. Montague, Mr. and Mrs. R. H. Williams, Mr. and Mrs. T. R. Preston, Mr. and Airs. Morrow Chamberlain, Mr. and Airs. T. C. Thompson, Mr. and Airs. T. L. Montague, Mr. and Mrs. O. L. Hurlbut, Air. and Mrs. C. A. Lyerly, Mr. and Mrs. Garnett Andrews, Air. and Mrs. M. B. Ochs, Mr. and Airs. Webster James, Mr. and Mrs. D. P. Montague, Mr. and Mrs. Z. C. Patten, Jr., Mr. and Mrs. W. A. Sadd, Mr. and Mrs. J. B. Pound, Air. and Mrs. George D. Lancaster, Air. and Airs. J. F. Johnston, Mr. and Mrs. R. W. Barr, Air. acrd Mrs. W. B. Davis, Mr. and Airs. Douglas Baxter, Air. and Mrs. W. R. Crabtree, Mr. and Mrs. Lewis M. Coleman, Mr. and Mrs. Newell Sanders, Mr. and Mrs. E. Y. Chapin, Mr. and Mrs. W: B. Riddell,. Mr. and Mrs. J. B. Frazier, Mr. and Mrs. John A. Moon, Mr. and Mrs. C. D. Mitchell, Dr. and Airs. J. H. Race, Mr. and Airs. A. W. Chambliss, Mr. and Mrs. J. P. Smartt, Mr. and Mrs. J. F. Tarwater, Mr. and Mrs. L. D. Drewry, Capt. and Mrs. A. B. Putnam, Mrs. Minnie C. Ewing, Mr. G. F. Meehan, Mr. Sam S. Gerstle, Mr. P. A. Brawner, Mr. C. M. Preston, Air. George M. Guild, Mr. L. M. Mansfield, Dr. J. W. Johnson, Dr. J. AI. Hogshead. EXECUTIVE COMMITTEE.-H. S. Chamberlain, Chairman; H. S. Probasco, C. M. Preston, H. Clay Evans, J. T. Lupton, M. B. Ochs, C. C. Nottingham, Al. Al. Alli¬son, R. S. Faxon, C. E. James, C. A. Raht. EXCURSION TO CHICKAMAUGA PARK.-T. C. Thompson, Chairman; B. F. Thomas, G. F. Meehan, Morrow Chamberlain, W. J. Bass, J. K. McGoodwin. EXCURSION TO HALES BAR LOCK AND DAM.-R. H. Williams, Chairman; John A. Patten, Newell Sanders, George M. Guild, Capt. A. B. Putnam. EXCURSION TO ROCK-WOOD.-F. H. Clymer, Chairman; T. L. Brown, T. A. Wright, J. P. Tarwater, T. L. Peterman. INSTITUTE HEADQUARTERS.-The Hotel Patten. THE first session, held Thursday evening, Oct. 1, in the Banquet Hall of the Hotel Patten, was called to order by Capt. H. S. Chamberlain, Chairman of the Local Committee, who, in behalf of the city of Chattanooga, extended a hearty welcome to the members and guests of the Institute.

Nov 1, 1908

By P. H. Dudley

A Discussion of the Paper of Prof. Howe. (Bi-Monthly Bulletin, No. 14, March, 1907, pp. 169 to 274.) P. H. DUDLEY, New York, N. Y. (communication to the Secretary*) :-The characteristics of Prof. Howe's metallurgical papers are, that he is able, from the mass of confusing evidence on the subject, to make an analysis and present hypothetical and essential principles in concrete form for consideration and discussion. I can appreciate, from the practical side of the subject, the arduous labor of collecting and investigating the data that is essential to prepare the paper. Much of the data necessarily came from material of preceding years. of manufacture in which there was allowed time for chemical reactions of the recarburizer, and for the elimination of the oxidation-products before teeming the ingots. This condition gave a favorable tinge-element to free the metal from slag- and other impurities, but, in allowing the. ingot to cool before charging in the furnace, the time-element entered as a detrimental factor in the development of the pipe or shrinkage-cavities, which gave an ingot-structure deficient in soundness. The interpretations from such material must be made with due allowances for the methods of manufacture, and must be given proper weight, as general facts, in subsequent arguments. The difficulties under which investigators labor are not easily surmounted in differentiating between reliable and unreliable data incident to variables of methods of manufacture, chemical composition of the alloys of steel, mediocre practice and that of the highest state of the art. Modern practice and large outputs in Bessemer steel have reversed the effects of the time-element-by cutting short the chemical reactions of the recarburizer and the elimination of

Jan 5, 1908

MISCELLANEOUS U.S. 0,029,598 - Extraction of vanadium values from vanadiferous iron oxide ore. A pelletized mixture of ore, limestone and bentonite is roasted in an oxidizing atmosphere to form calcium vanadates, the calcine ground, the ground material leached with aqueous ammonium carbonate or sodium carbonate to produce a vanadium-rich solution while leaving an insoluble residue of calcium carbonate and/or calcium bicarbonate along with undissolved iron values, and the solution separated and treated for its vanadium content. This patent is a reissue of U.S. Patent No. 3,853,982, dated Dec. 10, 1974. C. B. Bare and J. W. Pasquali, assigned to Bethlehem Steel Corp. Mar. 28, 1978. 7 pp. (423-68). Filed: 3-3 1-77 (783,352).

Jan 1, 1979

By Lo-Ching Chang, J. Chipman

C. B. POST*—Just what are you showing that has not been shown by fixing the attention on molecular species and choosing the molecular species to give you a perfect solution? J. CHIPMAN (authors' reply)—In general a fairly satisfactory thermody-uamic treatment of slag-metal equilibria can be worked out on the basis of assumed molecular species in the slag. This has been the method used by Shenck and more recently by White. Winkler and I also used it in studying dephosphoriza-tion. Darken and Gurry found that it did not fit satisfactorily in the case of their data on iron oxides. The ionic formulas used here conform to the data much better and probably correspond somewhat more closely with the actual structure of the slags. C. B. POST—It does seem to be similar to you? J. CHIPMAN—It is alternative, and may lead to a more complete understanding. C. B. POST—Have you had a chance to talk to glass technologists on this? Have they been using this type of set-up for glass solutions? J. CHIPMAN—Yes, and the ionic formulas have given them a little better understanding of what liquid glass is like. C. B. POST—Nelson Taylor always said we were going- about slag reactions from the wrong viewpoint when using molecular species. Evidently the glass technologists use ionic species exclusively when dealing with liquid glass reactions. J. CHIPMAN—I agree that it seems more rational and more accurate to use ionic rather than molecular formulas. We should be cautious, however, and not suppose that we really understand the structure of a slag just because we are able to fit its reactions by ionic equations.

Jan 1, 1950

Abbey, Robert Graham, District Mgr. The W W. Sly Mfg. Co,. 50 Church St, New York, N. Y. '21 Abbott, A. N., Mines Supt., Mazapil Copper Co., Ltd ..Concepcion del Oro, Zac., Mexico. '23 Abbott, Argyle Campbell, Dev. Dept, E I du Pont de Nemours & Co, Wilmington, Del. '29 Abbott, Clarence E., V.P, Charge of Raw Materials, Tenn. Coal, Iron & R. R. Co, 1242 Brown-Marx Bldg, Birmingham, Ala. '04 Abbott, Louis Benjamin, Chief Engr., Elkhorn Div., Consolidation Coal Co, Jenkins, Ky. '15 Abeel, George H., Jr., Cons. Min. Engr Box 427, Santa Monica, Cal. '18 Abel, Albert E., Asst. to Pres, Valley Mould & Iron Corp Hubbard, Ohio. '19 Abel, Raymond L., Asst. Prof., Dept. of Pet Refin., Univ. of Pittsburgh Pittsburgh, Pa. '28 Abell, Leo M., Research Engr, Sullivan Concentrator Chapman Camp, B. C., Canada. '31 Abernathy, George Elmer, Prof. of Geol. & Min . Kansas State Teachers College, Pittsburg, Kans. '20 Aborn, Robert H., Research Lab, U. S. Steel Corp. Lincoln Highway, Kearny, N. J. '19 Abozeid, Mahmood, Dept. of Mines & Quarries Cairo, Egypt. '26 Abraham, Arthur W. Box 1466, Bakersfield, Cal. '20

Jan 1, 1923

By AIME AIME

THE list of deaths during the year 1906 comprises the following names, the figures in parentheses indicating the year in which the persons named were elected to membership Members and Associates.-Arthur Vaughan Abbott (1882), William Anderson Akers (1889), R. Scott Allen (1905), George H. Arlett (1900), Thomas Septimus Austin (1883), Thomas T. Baker (1887), William Tittley Batchelor (1902), Charles Lowthian Bell (1897), Edgar Vallentine Bensusan (1892), George Lothrop Bradley (1874), Ernst Elmer Breisch (1896), Horace F. Brown (1895), James A. Burden (1876), Alexander B. Coxe (1880), George A. Crocker (1879), Albert W. Fiero (1886),

Jul 1, 1907

By H. H. Wade, N. F. Schulz

The large quantities of iron-bearing materials, including taconite, semi-taconite,* and other low-grade ferruginous materials occurring in Minnesota and elsewhere, constitute an important potential source of iron. Satisfactory grade and recovery of iron ore concentrate cannot ordinarily be obtained from these ferruginous materials by simple methods of beneficiation. Iron is distinctive in that the free metal and two of its oxides [magnetite (Fe2O3) and maghemite (gamma-Fe2O3) ] are strongly ferromagnetic. The successful magnetic separation of natural magnetite from taconite has already been established on a commercial scale. The iron in semi-taconite, however, occurs largely as goethite (Fe2O3-H4O) and hematite (Fe2O3) which do not respond to ordinary magnetic separation methods. Magnetic roasting converts these iron oxides to magnetite, which can, after liberation, be magnetically concentrated. MAGNETIC ROASTING Hematite undergoes a stepwise reduction when exposed at moderately elevated temperatures to a reducing atmosphere containing hydrogen or carbon monoxide: Fe2O3? Fe3O4 ? FeO ? Fe Since the desirable product in magnetic roasting is Fe3O4, the conversion is halted after the first stage by controlling the reduction potential of the gas mixture with water vapor or carbon dioxide. The reducing gas mixture must be such that the oxygen partial pressure at the solid-gas reaction interface will be maintained intermediately between the oxygen partial pressures in equilibrium with Fe2O3 and Fe3O4 at the prevailing temperature. Because of the rapid increase in decomposition pressure of Fe3O4 with increase in temperature, the practical upper limit of useful reaction temperature is about 1400°F, above which over-reduction usually occurs in atmospheres containing hydrogen or carbon monoxide. On the other hand, useful reaction rates usually occur only above 800°F. Goethite reacts similarly except that the combined water probably has to be driven off thermally before the reduction to magnetite occurs. Iron carbonate must also be decomposed thermally to an oxide before conversion to magnetite. Iron silicates are apparently not amenable to magnetic roasting. The rate of penetration of the reaction toward the interior of a given ore fragment is dependent on the chemical composition and physical structure of the solid. Most ore fragments tested here reduced satisfactorily to 1/4-in. depth in less than 14 min at 1200°F. Some very dense fragments, however, were reduced to less than 1/32-in. depth under the same conditions. Determination of the optimum temperature, gas composition, ore fragment size, or time of exposure

Jan 1, 1961

By Edwin Ludlow

THE responses to the request of the Finance Committee have been coming in with gratifying results, .but there have also been about a dozen letters received objecting in various ways to the voluntary subscription. These can be summarized as: First.-That the dues should have been increased, and thus impose the same burden on everyone. This would not have met the present situation, as under the constitution no increase could be effective until 1922. Second.-The Institute should 'live within its means, and reduce its expenses to correspond with its income. As far -as possible this was done by deferring the publication of Volume LXIV until 1921, although the papers published in that volume, were presented at the meeting in February, 1920. It is to avoid being obliged to do this again that the subscription is asked, as we feel that it is, a duty we owe to our membership_ to give them the papers presented at as early a date as possible.. Our financial situation is due to the very large increase in the cost of publication; owing to the high price of paper and printing. The cost of paper is now decreasing, and we hope that there will be' wage adjustments that will permit a lower cost for printing. Under present conditions each volume of our TRANSACTIONS costs three times as much as it did in 1917 and we would be able to publish only one' volume per year. Third.-That there are too many papers published that are 'of no interest to the writer of them .complaint.-This is undoubtedly true, but it must be remembered that the membership of the Institute includes all branches of mining and metallurgy and that all these branches are entitled to be' represented in our TRANSACTIONS by papers.

Jan 1, 1921

By C. F., Christopher

The purpose of any steel-making process is to convert the two raw materials iron and scrap into steel. The chemical analysis of the steel is set within certain limits which involve the physical proper- ties desired by the consumer. In addition to tensile properties a large number of other properties are at the present time desired, such as impact resistance, grain size regulation, specific degrees of hardenability, resistance to creep at high temperatures, resistance to expansion on heat treatment, the ability of the product to undergo extreme amounts of cold deformation without failure, and many other properties which are not directly related to the specified chemical analysis. Variations in many of the properties of plain-carbon steels are due to elements and compounds not included in the ordinary "five element"§ composition. Such variations result primarily from variations in oxidation of the metal in the furnace and from the deoxidation method employed. The steel-making problem therefore resolves itself into two distinct sections: (I) the elimination of certain elements from the charge (the iron and scrap entering the furnace) and the addition of materials to meet the chemical specifications for the heat; (2) the manipulation of the slag and metal and the process of deoxidation to give certain desired properties in the steel entirely apart from the chemical analysis specified. Each of 'these two ends must be attained

Jan 1, 1957

By T. F. Witherbee

Discussion of Mr. Baker's paper, read at the Lake Superior Meeting, September, 1904. MR. T. F. WITHERBEE, Durango, Mexico (communication to the Secretary*) : Mr. Baker's paper is very instructive in that it shows how furnace-derangements sometimes originate from apparently slight causes. In 1896 a similar burning through of the lining occurred at the Mayville furnace of the Northwestern Iron Co., Mayville, Wis., in exactly 38 days from the time the furnace was blown in. At that time I attributed it to the fact that the bell was carried several inches to the front side of the furnace, the length of the versed side of the arc described by the lever, thus dumping a little more of the charge on the back side, which made the front side of the furnace-charge more open and consequently increased the circulation of the furnace gases through it. After reading Mr. Baker's description, I believe that possibly a little more ore was charged on the back side of the hopper, due to the fact that it was nearest to the elevator. This unequal charging, however, was unconsciously done, as the fillers were both honest and faithful. The illustration of the burned lining of Furnace No. 1, given in Fig. - of Mr. Baker's paper answers very well for the Mayville furnace. It shows that in both cases the destruction of the lining was largely due to faulty construction, in that there were no cooling-plates in the angle of the bosh and in one or two courses of brick above it, where I believe they are-more in demand than anywhere else in the furnace. The presence of these cooling-plates at the angle of the bosh would have obliged the current of the hot gases to turn the corner and would have prevented them from following the angle of the bosh com¬pletely through the lining and shell.

Mar 1, 1905

By C. Y. Wen, H. O. HOPMAN

l. INTRODUCTION. IN casting a thermal balance of the heat generated and absorbed in a blast-furnace treating lead-, copper- and similar non-ferrous ores, assumptions have always to be made for the values of the heat of formation of slag. ? Considering that the larger part of the charge introduced into the furnace comes out in the form of slag, the significance becomes apparent of a lack of heat-values for the singulo-silicate, which is the type of slags commonly made. The aim of the present investigation is to supply these heat-values as far as possible with the apparatus and the time available. The heats of formation of the ferrous and manganous bi-silicates have been determined by Le Chatelier; 1 those of some silicates other than iron and manganese by Tschernobaeff:2 finally Richards 3 gives a figure for a copper blast-furnace slag of known composition. The existing data and those resulting from the present investigation are assembled in Table VI. II. MATERIALS USED. The materials used in the experiments were silica, ferrous oxide, and calcium carbonate. Silica.-The silica sold in the market as chemically pure usually contains small amounts of magnesia, lime, and alumina, and is therefore not suited for the work. The pure material was obtained from clear quartz crystals from Arkansas, broken in a diamond mortar and ground in an agate mortar to pass 1 Comptes rendus, vol. cxx., p. 623 (1895); vol. cxxii., p. SO (1896). 2 Revue de Métallurgie, vol. ii., p. 729 (1905); Electrochemical and Metallurgical Industry, vol. iv., No. 2, p. 72 (Feb., 1906). 3 Electrochemical and Metallurgical Industry, vol. v., No. 7, p. 266 furls?, 1907;) ; Metallurgical Calculations, vol. iii.,.pp. 474, 475 (1908).

Jul 1, 1910

By Thomas T. Read

The purpose of the following research, as originally planned, was to investigate the influence of temperature upon the plate¬amalgamation process. In order to consider the amalgamation process intelligently, it was first necessary to learn the nature of an amalgam. In the performance of this task it was found necessary to consult a large volume of literature and to perform experimental investigations. The conceptions of the nature of amalgams thus obtained have so important a bearing on the amalgamation-process as a whole, as well as upon the possible influences of temperature, that it was advisable to include them in the treatment of the subject. The broader title is therefore used, even though some features of the amalgamation process have been treated very briefly and others entirely omitted, there being nothing new to present regarding them and their development not required for a clear presentation of the matter in hand. I. HISTORICAL INTRODUCTION. Gold was one of the earliest metals known to man. Occurring in the metallic state, it could be picked up in nuggets or washed, as gold dust, front the sand and gravel of streams. Interesting descriptions of the processes employed in early times for the recovery of gold may be found in Pliny's Natural History and in the treatise by Agricola on ores and minerals. But little progress in the treatment of the ores of gold was possible until efficient -crushing machines were devised. This want was supplied by the introduction, about the beginning of the sixteenth century, of the stamp mill to treat the ores of Saxony. Blanket strikes, or similar devices, were used to catch the

May 1, 1906

By Hal T. Morris

The main Tintic mining district in central Utah has produced approximately 13,500,000 tons of ore, containing silver, lead, gold, copper, zinc, and other metals, valued at more than $315,000,000. More than 90 per cent of this ore has come from large, irregular ore bodies that have replaced folded and faulted limestone and dolomite strata. Of lesser importance are replacement veins that chiefly cut contact-pyrometasomatized carbonate rocks and fissure veins that cut altered intrμsive bodies and volcanic rocks. The district is in the west-central part of the East Tintic Mountains, a north-trending fault-block range near the eastern margin of the Great Basin. The consolidated sedimentary rocks exposed at the surface and in mine workings are miogeosynclinal deposits more than 10,000 feet thick that range in age from late Precambrian to Late Mississippian. They are folded and strongly faulted and are partly overlain by volcanic tuffs and agglomerates and by extensive flows of porphyritic and vitrophyric quartz latite, latite, and trachyandesite of Eocene age. All of these rocks are locally concealed beneath thick alluvial deposits of Pliocene and Quaternary age. The Eocene and older rocks are cut by dikes, sills, and small stocks of porphyritic quartz monzonite, monzonite, and latite, which are genetically related to the ore deposits. The district is inactive except for the production of halloysite clay and for minor leasing activity and exploration ventures. Several exploration targets remain untested.

Jan 1, 1968

Organization Place Date 1917 American Electrochemical Society Pittsburgh, Pa. Oct. 3-6 American Institute of Mining Engineers St. Louis, MO. Oct. 8-13 American Gas Institute : Washington, D. C. Oct. 16-19 American Institute of Architects Philadelphia, Pa. _ Dec.. 26-29 American Society of Mechanical Engineers New York City. Dec. 26-29 American Mining. Congress State Chapter Phoenix, Ariz. Dec. 26-29

Jan 10, 1917

By John V. Beall

The mining industry of Japan is not very large, but it is very old. Some of the mines have 1000 years of history. At Nara, the capitol 1300 years ago, the great Buddha of bronze that was cast at that time was of metal mined from several localities in Japan including the Akenobe-Ikuno district, one of the present Mitsubishi properties. Methods of smelting copper and iron, it is believed, came from China via Korea. A characteristic of the Japanese mining industry today is one of buying abroad and treating at home, a variety of ores of different compositions. All in all, Japan's mineral deposits under its own flag are inadequate for its great industrial strengths.

Jan 5, 1969

By Herty, C. H.

Present-day interest in the question of "dirty steel" has arisen primarily from the increasingly rigid specifications on various grades of steel and from the growing conviction that non-metallic inclusions are the source of many of the difficulties in meeting these specifications. The importance of inclusions has unquestionably been over-emphasized in many cases, but on the other hand many unpublished instances could be recorded where all evidence pointed to inclusions as the primary cause for the failure of steel in rolling or in service. The solution of the problem of dirty steel is not a matter of a few years. There are almost numberless types of inclusions. They segregate in steel ingots in an entirely different manner from other impurities, and, at best, only a start has been made in developing correct analytical methods for their determination. Most of the writers in the field have expressed opinions rather than given facts, and so many variables enter into the manufacture of steel that a study of plant conditions is difficult unless definite facts on certain phases of the inclusion problem are available. This statement is not intended to convey the idea that little work has been done on this problem. On the other hand, the number of investigations has been large, but in most cases too many variables have been present to allow definite conclusions to be drawn. In the body of the text, reference to previous investigations is made at suitable points. Rather than burden the reader with a lengthy review of the literature on the general subject of inclusions, reference to the particular works pertinent to the subject matter of the bulletin has been discussed. Three excellent bibliographies b on the subject have been lately published: one by the Committee on

Jan 1, 1957

By V. F. STANLEY

THERE is not the slightest doubt that the present recoveries of valuable minerals by the Broken Hill mills could be improved, and that further machinery would be installed for the purpose if it could be assured that a high price of metals would be maintained; but concentration, like all other com¬mercial propositions, is a question of profit and loss, and no sensible metallurgist would carry out his work in such a manner as to obtain high recoveries at a financial loss to his company. There is a point in all concentration at which the added money obtained from the higher recovery of minerals is balanced by the extra cost of obtaining the last part of the recovery; a wise metallurgist will be content with his work before his working-expenditure reaches this point. To a casual observer, the work being done by the various Broken Hill mills is identically the same. A closer investigation will show that this is far from being the case, for it is a remarkable fact that, although the larger mines extend over a length of approximately only 2 miles, such a difference in the physical and chemical properties of the ores exists that, from the first reduction downwards, special treatment is necessary in each case, and hardly any two mills are identical in operation. The details of this paper refer directly- to the work of one . particular mill in Broken Hill, for the reason that the ore from each mine presents special difficulties and requires its own special treatment. I have selected the mill referred to because it has been constructed and modified under my supervision.

Sep 1, 1909

By Linney, Robert J.

REPUBLIC Steel Corporation's iron-ore properties in the Adirondacks consist of mines, mills, and sintering plants in the Mineville and Port Henry area and at Lyon Mountain. This article will deal with the properties in the vicinity of Mineville and Port Henry. In 1938, when Republic leased the Mineville- Port Henry operations from the Witherbee Sherman Corp., these properties had just come through some hard depression years. As a result, the mine development program was far behind schedule; most of the equipment needed replacement; and above all, the entire system of mining had to be completely changed to reduce operating costs. The concentrator had been in operation for many years; the process was dry and dusty. Machinery and equipment were either badly worn or entirely obsolete. The sintering plant, also long in operation, was badly in need of repairs.

Jan 1, 1943

By Frederick G. Coqueron, Joseph E. Pogue

FOR a number of years, the Department of Petroleum Economics of The Chase National Bank has been conducting a study of the capital employed in the petroleum industry. The technique followed is that of combining and summarizing the available financial and operating data for a group of thirty representative oil companies, doing about two thirds of the domestic business of the entire industry. This paper presents the results of the findings for the year 1943, and supplements the survey, "Sources, Disposition, and Characteristics of the Capital Employed by Thirty Oil Companies During the Nine-Year Period, 1934-1942," presented before the Petroleum Division of the American Institute of Mining and Metallurgical Engineers on Feb. 24, 1944, and also published as a pamphlet by The Chase National Bank.

Jan 1, 1944